Reliance Industries Limited(RIL) become the first Indian company to cross
the ₹6-lakh crore mark in market capitalisation as its shares touched a
52-week high of ₹974.5 following the announcement of robust Q3 profits
on Friday Jan 19,2018
RIL shares rose 4.5% to ₹971.2 valuing the company at ₹6,15,150 crore. RIL is owned 40% by its chairman Mukesh Ambani, making him the richest Indian with personal wealth of $40.7 billion and the 20th richest globally, according to Bloomberg’s billionaire index.
India’s largest software exporter, Tata Consultancy Services follows RIL with market capitalisation of ₹5,95,946 crore. The market cap of BSE listed firms stood at ₹1,55,48,572 crore at close of trade on Monday as the Sensex gained 286 points to close at a record high of 35,798.
HDFC Bank become the first bank to cross market capitalisation of ₹5 lakh crore on Friday. Its shares rose marginally to ₹1,963.8 on Monday before touching its 52-week high of ₹1,986, valuing the bank at ₹5,08,648 crore
RIL shares rose 4.5% to ₹971.2 valuing the company at ₹6,15,150 crore. RIL is owned 40% by its chairman Mukesh Ambani, making him the richest Indian with personal wealth of $40.7 billion and the 20th richest globally, according to Bloomberg’s billionaire index.
India’s largest software exporter, Tata Consultancy Services follows RIL with market capitalisation of ₹5,95,946 crore. The market cap of BSE listed firms stood at ₹1,55,48,572 crore at close of trade on Monday as the Sensex gained 286 points to close at a record high of 35,798.
HDFC Bank become the first bank to cross market capitalisation of ₹5 lakh crore on Friday. Its shares rose marginally to ₹1,963.8 on Monday before touching its 52-week high of ₹1,986, valuing the bank at ₹5,08,648 crore
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